Abstract
The article discusses the formation and management of international joint ventures (IJVs). Reasons for choosing an IJV as a vehicle for expansion into foreign markets are noted. It is said that IJVs are best suited to transitory situations, and strategic considerations would suggest that they be transformed into a different form of partnership, or terminated, as the business does well or poorly. An analysis of factors which cause many IJV arrangements to persist beyond their logical time of resolution is provided.